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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Hennes & Mauritz AB    HM B   SE0000106270

HENNES & MAURITZ AB

(HM B)
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Hennes & Mauritz : Germany fines H&M 35 million euros for data protection breaches

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10/01/2020 | 08:43am EDT
FILE PHOTO: The H&M clothing store is seen in Times Square in Manhattan in New York

Sweden's H&M has been fined 35 million euros (31.9 million pounds) by the German authorities for internal data security breaches at its customer service centre in Nuremberg, the fashion retailer said on Thursday.

"The regional data protection authority in Hamburg has imposed an administrative fine of 35 million euros. The H&M group admits shortcomings at the service centre and has taken forceful measures to correct this," it said in its June-August earnings report.

German daily Frankfurter Allgemeine Zeitung last year reported that the State Data Protection Commissioner in Hamburg had launched a probe into H&M management unlawfully sounding out workers about their personal life and storing the details.

According to the paper, H&M collected information on illnesses and other personal circumstances of employees at the centre. H&M said in January the breaches found were unacceptable and it was cooperating with the authorities.

($1 = 0.8518 euros)

(Reporting by Anna Ringstrom; editing by David Evans)


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Financials
Sales 2020 191 B 21 453 M 21 453 M
Net income 2020 1 905 M 214 M 214 M
Net Debt 2020 71 195 M 7 982 M 7 982 M
P/E ratio 2020 122x
Yield 2020 1,66%
Capitalization 236 B 26 377 M 26 405 M
EV / Sales 2020 1,60x
EV / Sales 2021 1,35x
Nbr of Employees 179 000
Free-Float 43,6%
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Mean consensus HOLD
Number of Analysts 26
Average target price 167,33 SEK
Last Close Price 142,30 SEK
Spread / Highest target 44,1%
Spread / Average Target 17,6%
Spread / Lowest Target -36,8%
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Managers
NameTitle
Helena Helmersson Chief Executive & Operating Officer
Karl-Johan Erling Persson Chairman
Adam Karlsson Chief Financial Officer
Joel Ankarberg Chief Technology Officer
Anders Gunnar Dahlvig Independent Director
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